Things With Wheels and Motors WILL Go Down In Value

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[TRSWOODWORKING]

unless it's a classic - they do go up!

[rcairforceone]

There are exceptions to the rule, but this is solid advice/information.

[suzannaflores]

Smiles with two bicycles not mentioned ❤

[bradredford]

I love how anything that we inherited from this planet goes down in value

[fixmods]

My father bought the car for 800€ in 1997 and we have that same car today, I drive it as a daily. Today that car value is 15-30000€ ..

[tombeneteau]

The dollar itself goes down in value too. Buy what you want and enjoy your life. Money was made to spend- not hoard!

[DarrkMane]

The most expensive thing to carry and go down in value is the American dollar. 😂😂😂

[ECEPAdventures]

True in 99% of cases. Except numbers matching Porsche 911 993s. (Assuming some enthusiasts haven’t gutted it for track purposes)

[oolala]

I have owned all used cars. A couple of them ended up costing me overtime, but that was back when I was making so little money that I just couldn’t scrape together enough for a replacement. I did buy one that was only one year old. I got it in 2006 and I still own it and drive it. For various reasons, I actually bought a second car, that was about six years old when I bought it. Paid cash, $8000. I hybrid. I feel very lucky not to feel the allure of new cars. I could actually afford to buy a much nicer car. I’m 70 now, and figure at some point, I will buy one more car that might be a nicer one, but I won’t buy it brand new.

[nilsalmgren]

I don't buy any of those, except for a daily driver to get to work. Not quite there yet but almost debt free, owning my house on an acre of land. I never spend on myself so my wife can buy worthless stuff 20 to a hundref dollars at a time.

[jameseroh]

The value of those machines is the utility. That is what do they allow us to do. A large car can be gold to a trucker. The statement is different to a person that those machines are part of making money. Just like nuts, bolts, and nails. Some machines are perishable items.

[popsncracks]

Not all the time. I sold some corvettes during Covid time made over 15k profit

[LarryLamb-wbnw]

Absolutely right ! You lose alot of hard earned money buying these things !

[mzrdwgw]

Apparently Dave isn't up on the banshee and Honda 250R 🤣🤣 they have not followed that rule about going down in value 🤣🤣

[SmokingLizard]

Semi wrong. They negate current face value to bring forth future net value, so long as you do your part to sustain smartness

[Mz.Scarlett]

So what’s the alternative mode of transportation?

[jle]

Yep. I drive a 8 yr old GMC until it dies. No payments. I pretend I’m poor.

[danadams]

Just don't buy the most expensive suv. Anything can go down in value, including real estate. Buy according to your needs for safety in getting yourself to work and home again. And if you live where there is winter, make good decisions. Dave lives where it is warm pretty much all year.

[jeffreyswartz]

I could sell my hybrid for more than I paid 4 years and 40, 000 miles ago.

[hambone]

But a 84 square body is going for 40 grand now. ??? Way up